Financial Analyst

Thomas Jefferson University; Abington (MA); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Medical benefits

Tuition assistance

Retirement plans

Professional development

Job summary

Thomas Jefferson University in Abington, PA is seeking a Financial Analyst to provide comprehensive financial and statistical information for management and external customers. The role involves analyzing service line performance, budget development, and decision support systems to ensure GAAP compliance and timely reporting.

Responsibilities include preparing annual operating budgets, monthly variance analyses, and close processes, while serving as a resource for finance management on ad hoc

Qualifications

• Bachelor’s degree in accounting or finance required.
• At least 3 years as accountant/financial analyst.
• Experience in budgeting, net revenue and reimbursement computations.
• Proficiency with Excel and Word.
• Knowledge of hospital and physician payment methodologies.

Responsibilities

• Prepare timely, accurate financial information for internal and external users.
• Analyze inpatient, OBV, AO, and outpatient service line financial performance.
• Assist in annual operating budget preparation and monthly analyses.
• Contribute to month-end close and revenue/expense analyses.
• Support ad hoc projects and respond to inquiries promptly.

Skills

Excel proficiency

Word proficiency

Analytical skills

Communication skills

Education

Bachelor’s Degree in Accounting or Finance

Tools

Mainframe software

PC-based software

Decision support systems

Job description

Job Details

Financial Analyst Job Description Summary Provides financial and statistical information to management, staff, and external customers in compliance with internal and external requirements by efficiently accessing the organization's financial and decision support systems and through effectively analyzing and verifying the inputs and outputs from those systems. Maintains financial records and systems in accordance with GAAP, Hospital policies and the Healthcare Audit Guide.

Job Duties

Assists and prepares, accurate, complete, and understandable financial information for timely distribution to internal and external users. Financial information includes, but is not limited to Inpatient, OBV, AO, and outpatient service line/business unit financial performance reports, payer financial performance reports, extensive use of decision support systems, including appropriate interpretation and presentation of data, net revenue/reimbursement computations, payer contract supporting computations, budget proposals, budget development, monthly actual/budget analysis, business plans, and look-back reviews. Assists in annual operating budget preparation of the hospitals and LVHS activities and monthly actual/budget analysis under direction of the Budget Manager. Maintains financial systems, decision support systems, and certain financial or statistical elements of related systems supporting budgeting, financial analysis, net revenue, and reimbursement. Participate in applying software and hardware upgrades to the systems as appropriate. Participates and assists in the monthly financial statement close and preparation of monthly financial statements as assigned under the direction of the Assistant Controller through determination of net revenue, analysis of expenses, valuation of accounts receivable and development of other supporting documentation as required. Reports, budgets, projects/forecasts volume utilization by program, physician, and clinical department as required. Serve as a resource to Finance management to assist in ad hoc projects and other duties as assigned. Analyses and other information that is provided to the customer is prepared in a concise, easy-to-understand manner. Information that is provided to the customer is prepared in a concise, easy-to-understand manner. Responds to customer inquiries ideally on the day they are received, but never later than the following day.

Minimum Qualifications

• Bachelor’s Degree in Accounting or Finance
• 3 years experience as an accountant, financial analyst or the equivalent.
• Experience in budgeting, capital project financial analysis, net revenue and reimbursement computations, decision support, and financial reporting is desirable.
• Knowledge of hospital and physician payment methodologies.
• Proficiency in the use of personal computers operated in a Windows environment and ability to use various mainframe and PC-based software applications.
• Proficiency in Excel and Word is required.
• Must function cooperatively as part of the finance team and exhibit flexibility in response to changing demands and priorities.
• Work requires effective written and oral communication skills with a need for communications to be complete, concise and understandable.

Additional Qualifications

• Physical Demands Lift and carry 25 lbs. frequent sitting/standing, frequent keyboard use, *patient care providers may be required to perform activities specific to their role including kneeling, bending, squatting and performing CPR.

Work Shift

Work Shift Workday Day (United States of America) Worker Sub Type Regular Employee Entity Thomas Jefferson University Primary Location Address 1200 Old York Road, Abington, Pennsylvania, United States of America Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research. Thomas Jefferson University, home of Sidney Kimmel Medical College, Jefferson College of Nursing, and the Kanbar College of Design, Engineering and Commerce, dates back to 1824 and today comprises 10 colleges and three schools offering 200+ undergraduate and graduate programs to more than 8,300 students. Jefferson Health, nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas, serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region.

Benefits

• Jefferson offers a comprehensive package of benefits for full-time and part-time colleagues, including medical (including prescription), supplemental insurance, dental, vision, life and AD&D insurance, short- and long-term disability, flexible spending accounts, retirement plans, tuition assistance, as well as voluntary benefits, which provide colleagues with access to group rates on insurance and discounts.
• Colleagues have access to tuition discounts at Thomas Jefferson University after one year of full time service or two years of part time service.
• All colleagues, including those who work less than part-time (including per diem colleagues, adjunct faculty, and Jeff Temps), have access to medical (including prescription) insurance.
• For more benefits information, please click here

Job Description Disclaimer: This position description provides the major duties/responsibilities, requirements and working conditions for the position. It is intended to be an accurate reflection of the current position, however management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.

Jefferson is committed to providing equal educational and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status.

In keeping with Jefferson's Mission, We Improve Lives, it is our goal to recruit, retain, develop and reward highly-qualified employees. If you are enthusiastic, caring and dedicated to service excellence, we invite you to consider joining Jefferson. Jefferson encourages its employees to expand their knowledge and develop their careers through growth opportunities and continuing education. With a long standing history, Jefferson has been advancing the medical field from the heart of Center City Philadelphia for nearly 200 years. Our Mission, We Improve Lives, expands to every corner of the organization. From our weekly farmer’s market, to our new Jefferson Accelerator Zone for innovation, our employees’ passion for the community is evident by the daily gestures towards our patients, students and each other.